Mohawk buying Unilin

CALHOUN, Ga. -- Mohawk Industries Inc. is acquiring Unilin Holding NV -- a Belgian laminate flooring company -- in a move it described as its “second major step” in becoming a total flooring company.

In 2002, Mohawk made its first such move in this direction when it acquired Dal-Tile. That purchase made Mohawk the largest ceramic provider in the country.

The transaction is valued at approximately $2.6 billion, including net cash balances of $33 million. Unilin had annual sales in Belgian GAAP of approximately $1 billion and EBITDA margins in excess of 29 percent.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!